Arizona State Retirement System Has $2.11 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Arizona State Retirement System grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,909 shares of the real estate investment trust’s stock after purchasing an additional 720 shares during the quarter. Arizona State Retirement System’s holdings in Federal Realty Investment Trust were worth $2,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of FRT. International Assets Investment Management LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter worth $945,000. Private Advisor Group LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter worth $265,000. Principal Securities Inc. acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $438,000. Avantax Advisory Services Inc. lifted its stake in shares of Federal Realty Investment Trust by 3.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 18,616 shares of the real estate investment trust’s stock valued at $1,918,000 after acquiring an additional 677 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock valued at $139,726,000 after acquiring an additional 469,425 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Federal Realty Investment Trust Stock Down 0.4 %

FRT stock opened at $116.60 on Wednesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $9.67 billion, a P/E ratio of 41.49, a P/E/G ratio of 2.18 and a beta of 1.24. The business has a 50-day moving average of $110.56 and a 200-day moving average of $104.21. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $117.65.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The firm had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.67 earnings per share. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FRT shares. Compass Point upped their price target on Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Raymond James upped their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Evercore ISI upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Mizuho increased their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Truist Financial increased their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.58.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.